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Jiayi Lin ■ily shift-what was the initial impact on the market? Good question! I have a graph and some data to help us talk this through. Ah, very helpful! rick mily So when the demand curve shifted right and the market price was still $10 for the masks, what was the new quantity demanded of masks? In other words, how many masks did people want to buy for $10 after the outbreak? Enter a response then click Submit below 0 Price $200 $10 So D1 Do Qo Q1 Quantity Price Quantity Demanded: D_0 $10 300 $200 0 Quantity Supplied: S_0 300 2,550 Quantity Demanded: D_1 3,300 2,550

Jiayi Lin ■ily shift-what was the initial impact on the market? Good question! I have a graph and some data to help us talk this through. Ah, very helpful! rick mily So when the demand curve shifted right and the market price was still $10 for the masks, what was the new quantity demanded of masks? In other words, how many masks did people want to buy for $10 after the outbreak? Enter a response then click Submit below 0 Price $200 $10 So D1 Do Qo Q1 Quantity Price Quantity Demanded: D_0 $10 300 $200 0 Quantity Supplied: S_0 300 2,550 Quantity Demanded: D_1 3,300 2,550

MACROECONOMICS
MACROECONOMICS
14th Edition
ISBN:9781337794985
Author:Baumol
Publisher:Baumol
Chapter4: Supply And Demand: An Initial Look
Section: Chapter Questions
Problem 3TY
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Jiayi Lin ■ily shift-what was the initial impact on the market? Good question! I have a graph and some data to help us talk this through. Ah, very helpful! rick mily So when the demand curve shifted right and the market price was still $10 for the masks, what was the new quantity demanded of masks? In other words, how many masks did people want to buy for $10 after the outbreak? Enter a response then click Submit below 0 Price $200 $10 So D1 Do Qo Q1 Quantity Price Quantity Demanded: D_0 $10 300 $200 0 Quantity Supplied: S_0 300 2,550 Quantity Demanded: D_1 3,300 2,550
Transcribed Image Text:Jiayi Lin ■ily shift-what was the initial impact on the market? Good question! I have a graph and some data to help us talk this through. Ah, very helpful! rick mily So when the demand curve shifted right and the market price was still $10 for the masks, what was the new quantity demanded of masks? In other words, how many masks did people want to buy for $10 after the outbreak? Enter a response then click Submit below 0 Price $200 $10 So D1 Do Qo Q1 Quantity Price Quantity Demanded: D_0 $10 300 $200 0 Quantity Supplied: S_0 300 2,550 Quantity Demanded: D_1 3,300 2,550
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